 "Dilip Buildcon, Balkrishna Industries, Shakti Pumps hit new highs")
Shares of highway builder Dilip Buildcon, tyre company Balkrishna Industries and industrial machinery manufacturer Shakti Pumps (India) have hit their respective new highs, gaining more than 20% in last one month on the BSE in otherwise range-bound market.
Shakti Pumps (India) has moved higher by 8% to Rs 703, surging 26% in past one week, on back of two-fold jump in trading volumes. A combined 1.09 million shares changed hands on the counter on the BSE and NSE till 12:50 pm. On comparison, the S&P BSE Sensex was trading 0.02% lower at 33,872.
In past one month, the market value of Shakti Pumps (India) zoomed 33% against 1.6% rise in the benchmark index. The company reported more than four-fold jump in its consolidated net profit at Rs 167 million in October-December quarter (Q3FY18). It had a profit of Rs 41 million in the same quarter year ago.
Dilip Buildcon hit a record high of Rs 1,217, up 3.8%, extending its 17% surge in past seven trading sessions after the company winning multiple orders from the National Highway Authority of India (NHAI). In past one month, the stock rallied 24% on the BSE.
Dilip Buildcon made market debut on August 11, 2016, has zoomed 456% from its issue price of Rs 219 per share. The company raised Rs 6,540 million through initial public offering attracted massive demand with the offer getting oversubscribed by around 21 times.
Shakti Pumps (India) has moved higher by 8% to Rs 703, surging 26% in past one week, on back of two-fold jump in trading volumes. A combined 1.09 million shares changed hands on the counter on the BSE and NSE till 12:50 pm. On comparison, the S&P BSE Sensex was trading 0.02% lower at 33,872.
In past one month, the market value of Shakti Pumps (India) zoomed 33% against 1.6% rise in the benchmark index. The company reported more than four-fold jump in its consolidated net profit at Rs 167 million in October-December quarter (Q3FY18). It had a profit of Rs 41 million in the same quarter year ago.
Dilip Buildcon hit a record high of Rs 1,217, up 3.8%, extending its 17% surge in past seven trading sessions after the company winning multiple orders from the National Highway Authority of India (NHAI). In past one month, the stock rallied 24% on the BSE.
Dilip Buildcon made market debut on August 11, 2016, has zoomed 456% from its issue price of Rs 219 per share. The company raised Rs 6,540 million through initial public offering attracted massive demand with the offer getting oversubscribed by around 21 times.
